Participation in Management. The Limited Partner shall not participate in the management or control of the business of the Partnership, and shall have no power to sign for or bind the Partnership.
Participation in Management. No Shareholder (other than the Manager acting in its capacity as such) shall have the right, power, authority or responsibility to participate in the ordinary and routine management of the Fund's affairs or to bind the Fund in any manner.
Participation in Management. Except as may be otherwise expressly provided herein to the contrary, no Limited Partner shall participate in the management or control of the Partnership's business or transact any business for the Partnership, and no Limited Partner shall have the power to act for or bind the Partnership, said powers being vested solely and exclusively in the General Partner in accordance with the provisions of this Agreement.
Participation in Management. The Limited Partners (other than the General Partner) shall have no part in the management of the Partnership, and shall have no authority or right in their capacity as Partners to act on behalf of the Partnership in connection with any matter.
Participation in Management. The Limited Partners, as such, shall not (i) participate in the management or control of the Partnership's business, (ii) transact any business for the Partnership, nor (iii) have the power to act for or bind the Partnership, said powers being vested solely and exclusively in the General Partner. The Limited Partners shall have only the voting rights expressly set forth in this Agreement or as required under the Act.
Participation in Management. Except as otherwise provided in this agreement, all partners shall have equal rights in the management and conduct of the partnership. Decisions shall be by majority vote (each partner having one vote) except as provided in subsection (B) of this article.
Participation in Management. Except as otherwise provided herein, the Members shall not participate in the management or control of the Company's business nor shall they transact any business for the Company, nor shall they have the power to act for or bind the Company, said powers being vested solely and exclusively in the Manager.
Participation in Management. Subject to the Major Decisions, no Limited Partner shall have the right, power, or authority to take any part in the control or management of, or to transact any business for, the Partnership, or to sign for or bind the Partnership in any manner.
Participation in Management. No Partner (including any General Partner) other than the Managing Partner shall have any right to participate in the management of the Partnership, or to act for or bind the Partnership, solely by virtue of its status as a Partner of the Partnership, unless a particular action is specifically approved in advance in writing by the Managing Partner.
Participation in Management. The Partners have elected to delegate to the Managing Partner authority to manage, control, administer and operate the property and business of the Partnership. Each Partner agrees that no Partner other than the Managing Partner shall have the right to act as an agent of the Partnership or to execute documents on behalf of the Partnership. Further, each Partner agrees that no Partner or group of Partners (including General Partners) shall have the right to act (other than as specifically provided in this Agreement) to cause the Managing Partner on behalf of the Partnership to take any action binding on the Partnership. Still further, each Partner agrees that no Partner or group of Partners may cause a Partner to be authorized to act on behalf of the Partnership without such Partner having become the duly elected and appointed Managing Partner. Any Partner who takes action contravening this Section agrees to indemnify the Partnership and all other Partners from any loss, liability or expense caused by such action.
